GoldBacks Are Good For Stackers - (Even If You Hate Them)

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Love them or hate them, GoldBacks offer some innovative solutions to a huge problem that we must face...
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#gold #goldbacks #inflation

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1 июл 2024

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Комментарии : 161

@jeremys4591 4 месяца назад

A lot of us complain on the markup of the goldback, which is dependent on where you buy it. I'd rather support a system that's a little bit pricey then a system that is failing this country and by nature putting chains around my neck

@deeptoot1453 3 месяца назад

Good point but without that system no other system in the world would even exist and we would all resort to barter. I love the glldbacks, but it's funny how stackers always make this argument whereas the exchange rate of gold itself is denoted in USD.. Faith based economies is what truly brought prosperity with them. Goldback understands this hence they are trying to get these things fungible.

@hemihem 2 месяца назад

@@deeptoot1453 And now normal people are buying gold bars at costco in the hundreds of millions. Can you say hyperinflation soon. Everybody knows the game is up, america is decaying and collapsing. The border is just the beginning

@halakelbensinai4743 4 месяца назад

The goldback bands make me want more goldbacks.😁

@SilverSteeler72 4 месяца назад

Yep, I need more too.

@danielbbq 4 месяца назад

@@SilverSteeler72 Ditto!

@farzanahoque2442 4 месяца назад

the reason i think theyre cool is because ANYBODY can own atleast a bit of gold even if they are poor. Third world countries can never afford 1g of gold today but atleast with these they could own a little and thats why i like them.

@danielbbq 4 месяца назад

Goldbacks are a gateway to gold. Get them started with $5 worth pretty soon they'll figure out how to get Ozs.

@spaceinvader68 4 месяца назад

I invest in them because people hate them. I wanted to invest in Bitcoin when everyone hated it and we all see how that has gone.

@ColeDedhand 4 месяца назад

If my state ever adopts goldbacks I'll adopt goldbacks. For now I'll stick to coins and bars.

@holyfenrir6336 4 месяца назад

No state has ever adopted Goldbacks. Making this very flawed logic. They're entirely privately minited, taking advantage of vague state laws thar broadly declare gold and silver to be legal tender. Not one state has officially through legislation, administrative rules or executive order.

@hemihem 2 месяца назад

Exactly my thinking. I own a couple hundred of them just in case for barter because I truly believe in goldbacks. I want them to be the new system to replace the USD and I want to travel down to South Dakota, Wyoming or Utah from my state to spend them at real businesses. The premiums are too high for me to justify the cost to buy a full troy oz worth of them. I'd buy them in the thousands if they were $3 because I don't mind paying $3000/oz of gold. That extra $1.77 kills the stackability.

@jaykrizzle 4 месяца назад

The so called "premium" is a utility markup. If it's outrageous to you then feel free to create your own fractional gold with the same features and put them out of business

@jaykrizzle 4 месяца назад

Isn't the markup of copper pipe over spot price just absurd? Wait, nobody ever says that because it's dumb.

@gamerscubeixxi2152 4 месяца назад

There are significant security features and the technology to make them is ridiculously expensive and near impossible to imitate. For that reason I’ll buy them at 3.79 ea all day long and exchange at 4.25 using the calculator 😊

@danielbbq 4 месяца назад

@@jaykrizzle Why do people pay 3,000% premium on a beer or a coke? They are crazier than us Goldbackers!

@soundmoneyguy5949 4 месяца назад

Goldbacks are by far the most innovative Gold product in fifty years. I hope that they keep taking off!

@danielbbq 4 месяца назад

They will take off because they already have, in niche communities. People will be surprised when a second country starts issuing them. IMO it's better to get them now rather than later. Time will tell.

@charlieabel1533 3 месяца назад

I recognized the value of the goldback immediately and am buying as many as I can and there's no controversy here

@SmartSilverStacker 3 месяца назад

smart!

@Goldbacker00 4 месяца назад

Goldbacks are the future of money security

@keanureeves9941 4 месяца назад

People need to start changing their perspective of the USD. Gold is not getting more expensive. It’s actually just the USD losing its value due to inflation. Gold stays the same.

@jaykay5838 4 месяца назад

I think goldbacks are introducing us to the new actually backed by gold currency for the near future. IMO.

@amr8457 12 дней назад

I've thought the same thing. Because the dollar is so big and it's so well spread out it's going to have to be replaced eventually with something. I've often wondered if our government will steal this idea. Maybe BRICS will use something like this? At any rate the technology needs to be a little bit perfected because I hear the larger notes fray because of the large metal content in them and you can't bend them.

@SuperDavidEF 10 дней назад

@@amr8457 It might be better to find a way to make a durable fabric from gold wires instead of using foils.

@lanab4103 4 месяца назад

Defythe Grid is a good place to get them

@victoriasrandomstuff 4 месяца назад

I stack them. Ya never know.

@toejam503 4 месяца назад

I think Goldbacks are a brilliant idea! Not only do they stay valuable, and now can make interest but there is no exchange rate between countries. The Nay sayers seem to think the process of melting Gold down is important but WHY would you need to do that?? These Goldbacks are perfect for stacking, easy to carry, just like paper currency.

@ALFAJERKBFH 4 месяца назад

Love them! As of a couple years ago, you can use them in certain stores in the southwest. They had a label on the door of the business letting you know if they accepted them. You can even sell them back to the company you buy them from.

@fgstacker 4 месяца назад

I love the art on them and am getting 1 of each just for that. Also, it offers a bit of a diverse way to be exposed to gold. I am not dumping huge value into it, but figure a bit in it isn't bad.

@Jamestown23_ 4 месяца назад

I stack them also. I almost have 200 of them. I don't mind the premiums at all. You don't stack them now, you will regret it. Happy stacking.

@RealGooch 4 месяца назад

I have goldbacks can't go wrong with them. The goldbacks will come in use I'm sure one day. REAL GOLD !

@gamerscubeixxi2152 4 месяца назад

I’m actually in profit by buying these, currently they cost me 3.79 each. Using the current exchange rate of 4.25, I’m in profit for every single goldback purchased

@SilverSteeler72 4 месяца назад

When you get them for 3.79???

@spaceinvader68 4 месяца назад

@@SilverSteeler72 defy the grid

@sojubean6386 3 месяца назад

@@SilverSteeler72right

@barbaraatkinson2204 4 месяца назад

They are a piece of art love them

@SilverSteeler72 4 месяца назад

Me and my wife love them! I know they’re a little pricey but I think in a SHTF scenario they can be very useful. Also they’re very beautiful and if they don’t take off and they stop making them, the ones in circulation would be very valuable.

@Cole_West 4 месяца назад

And shit can hit the fan at any moment. Internet/power goes out? You can't always use a card or any digital form of payment. Inflation gets out of control? You can't always rely on the stability of your nation's currency. I highly doubt a full-blown apocalypse will happen anytime soon, but natural disasters, pandemics, power outages, and other things happen all the time. I personally would rather be prepared in as many ways possible and have something I might not need, than need something I don't have. I like goldbacks and precious metals in general. Fun to collect different gold and silver coins, different pieces with cool designs ,and other things too. Goldbacks are the only way I've been able to afford gold in any meaningful way so far.

@jimv.661 3 месяца назад

Store Goldbacks? If you don't hold it you don't own it. I like Goldbacks, can't wait for more states to adopt.

@tgurlamber5874 3 месяца назад

Yeah. I stack them. Better than a savings account. On average, as of today, I am up over 25% at a 2 year period of buying GBs. Would not be surprised to see $5 fiat per GB.

@Jamestown23_ 4 месяца назад

People complain about the premiums. 😅 Just buy them. Im going after a couple 25 's next week.

@user-pj6bl5md5r 4 месяца назад

People complain about the premiums and cannot ignore them because they.........gotta pay rent and bills and don't have enough money.

@danielbbq 4 месяца назад

People complain rather than research. They are misinformed as to what a Goldback can do.

@Jamestown23_ 4 месяца назад

@@user-pj6bl5md5r true. I really can't afford the 25's. Just a little buster. I have to rent and bills too. Thanks to JB, no one can afford to live.

@Jamestown23_ 3 месяца назад

@@danielbbqA good investment. 👍

@x7empestx 2 месяца назад

Goldbacks are good for divesting cash into denominations of gold that are manageable for transactions/daily use. Anyone complaining about premiums is an idiot. Yeah if you want to put $10k into gold, go buy bars or coins. If you want to turn $1000 of disposable cash that you don’t need right now, put it into gold backs. I think a good rule of thumb is, for every $1000 you would invest into gold, put $100 into goldbacks. That way you can actually buy groceries or pay for services if SHTF or if the government defaults on its debts.

@victorjubinville5720 4 месяца назад

I recall that prior to WWII & Hitler assuming power, the German people would go to the banks & by pure gold leafs in stead of putting there small savings into failing banks, susceptible to gov confiscation or closure. So to me this could be more sustainable than buy bit coin which as we've seen is very susceptible to manipulation or outright theft. Sam the Bankman Fried

@slowridefpv9668 4 месяца назад

I buy junk silver instead, but to each his own!

@LizaJane84 4 месяца назад

🎉🎉🎉🎉🎉great video!!!! Sharing it to several folks!!! Actually had this exact conversation at dinner tonight with family.❤

@kingofthecards9767 2 месяца назад

Definitely a good way to small bite your way into gold

@annw291 4 месяца назад

The problem isn't that goldbacks aren't pretty. They're seriously pretty. The problem is that the premiums are outrageous. Look, if I'm getting ready for an economic apocalypse, I'm not going to buy pretties at outrageous prices. I'll buy gold Maple Leafs and silver. I don't have enough money for pretties.

@zeus014 4 месяца назад

I think the price of a new car at $40,000 is absolutely outrageous - especially considering that the spot value of all of that metal, plastic and rubber is only around $20,000. Screw the car manufacturers - I'm just gonna buy the raw materials instead and save myself twenty grand....

@danielbbq 4 месяца назад

The spending power of 1 oz of Goldbacks is $4,280 today. I just traded 1028 Goldbacks for 2 - 1 oz Krugerrands. What most people don't know or understand about the Goldback is a lot!

@Joutube_is_trash 4 месяца назад

@@zeus014The issue is you don't need gold manufactured into a collectible trading card for it to serve its function.

@zeus014 4 месяца назад

@@Joutube_is_trash LOL collectible trading cards - kinda like referring to a business jet as "such a cute little flying machine". Nice try though. As for the point I believe you're trying to make, I guess that would depend on which function you wish your gold to serve. Wealth preservation on a massive scale, say, upwards of seven figures? Gold bars weighing several ounces (or even pounds) will certainly provide the best bang-for-buck and closest-to-spot pricing. But if you want to use your gold to spend on every-day goods and services you'll need utility, fungibility and anti-counterfeiting measures. Gold bars and coins don't meet any of the above three attributes very well, and some of the smallest gold bars (hello, karat-bars!) have higher premiums than the goldbacks but without the more-desirable exchange rates.

@christophersuzor6838 3 месяца назад

Stack bars...collect this if you must but it's a strong No! For me

@danielbbq 4 месяца назад

Great job trying to show how versatile the Goldback is. When a second country starts issuing a version won't we be surprised? Not.

@coco8386 3 месяца назад

No matter what kind of gold I've bought, I always felt like a fool...... for a while. I felt like a fool when I missed it at $400 an ounce, & later paid $800. I felt like a fool when I bought it at $1200. I especially felt like a fool when I bought it at $1400 an ounce, & then it dipped back to $1200 & sat there for what seemed like years! When I was really broke, I bought pay dirt, & everyone laughed & said you can't profit from THAT!!😂 Now I yearn for those old prices to buy more at!!

@kevinwilliams691 3 месяца назад

I appreciate your view on this. You have opened my eyes.

@AlexTheULF 4 месяца назад

I think Goldbacks are great since so many people are addicted to cash. Might as well have the next best thing.

@duranhunt7600 4 месяца назад

I have some they're good for exposure to gold when you're on a budget.

@ddprepper5227 4 месяца назад

Thumb 👍👍👍👍👍👍👍👍👍👍👍 love them 😍😍😊🎉❤

@HeyThereItzJessie 4 месяца назад

When the premiums come down then we’ll talk about goldbacks. Still a cool gold product

@CuSTACKS 4 месяца назад

It doesn't work that way. Get out of your old fashion way of thinking.

@TheItalianPepe 2 месяца назад

The "price" & "premium" on metals in general has only one way to go and that's up. You might as well grab some goldbacks now while their relatively cheap.

@Matthewcrustlife 4 месяца назад

I’m on a budget, I definitely can’t afford a ounce that way no thanks

@danielbbq 4 месяца назад

Definitely keep your eyes on the Goldback. I've made several Goldbacks for silver deals and just did my first Goldbacks for ozs deal. Respectfully, What you think you know about the Goldback isn't 100% accurate. They are more powerful than you think.

@darrensoldan5972 4 месяца назад

It's definitely a good foot in the door to get metals pathway paved a little bit state by state if they continue to be recognized as real money.

@pauliescustoms2557 4 месяца назад

Love the idea, but 200% premium is not for me.

@jaybarr3307 17 дней назад

I live on the border of NH and bought a stack of 100 of these to see if I can really spend them. So far, I'm one for one in being able to. Betting I will find lots of ways. My handyman already said he'd take partial payment in them.

@IsaacReddinger 2 месяца назад

Production numbers do not necessarily equal sales numbers

@spring984 4 месяца назад

Hero has the best price on gold backs

@KurtOnoIR 24 дня назад

I don't have a lot of them but why not? It's cheap gold. Gets people into stacking if nothing else. Not to mention this reason <a href="#" class="seekto" data-time="77">1:17</a>

@russream3732 4 месяца назад

Local coin shop has those 20oz 10oz and 5oz Scotsdale bars. Was going to grab a 20ozer until they told me the premium for “a bar” of silver about $6. Why? I bought a kilo bar for .70 over spot instead. “Sorry Charlie, adding weight not paying their bills”. Like the GBs ! Depends where you buy to get lower rates.

@sfoster18sf 13 дней назад

What these goldbacks have over crypto imo, is you're not charged a fee to use your own money. The downside is you can't carry as much. However, the avoidance of being dependent on electricity and privacy keys gives it an edge at least to myself. Plus learning curve is next to nothing. Thus easier to adopt.

@WhiteRaven12773 4 месяца назад

well i am torn [1] the stack math is terrible - if they where closer to $2-3 be better but supply and demand is kicking in [2] acceptability - yes its plain as day but not every one knows about it or understands it despite videos like yours [3] the art is great and they are collectable year /marks/ condition [4] security - yeah its top notch security witch i love i can look at it and in like 5 secs be like yeah its real [5] fudgeable - yeah its a great feature and like you said sometimes the market dose not pan out to a great deal

@user-wk4ww9ji3h 4 месяца назад

Never seen these before I am new to stacking something else to buy

@0311matt 3 месяца назад

love em

@apt707nola Месяц назад

Go ahead and pay that 110% premium for your gold back.

@mojoknows66 4 месяца назад

I am very much for ANY competing currencies being introduced into the marketplace. Although these should be legal tender produced by the Treasury at cost as a United States Note, per the Constitution. A couple things to make them more attractive would be figuring how to make them more robust to bending and flexing. Also they need a phone App conversion calculator.

@slapdat.byteme 4 месяца назад

When I can buy them at premiums below 5% and use them to pay for gas, groceries, medical bills, utilities, insurance and beer without having to explain what they are, then I’ll consider getting some. Until then, it’s low-premium gold & silver rounds/coins for me.

@EricWeisenburg 3 месяца назад

But by the time all of your conditions are met, the price of precious metals will have already skyrocketed. The time to build the ark is BEFORE the flood!

@slapdat.byteme 3 месяца назад

@@EricWeisenburg My ark is already built… so is its sister ship! 🤣

@MonarchAirVideo Месяц назад

I think the leasing has potential to be extremely profitable. Earning and reinvesting goldbacks that could appreciate in value is like compounding on steroids.

@cuzmariosaidso 4 месяца назад

It think they are cool, not my cup of tea but people don’t have to buy them & those who do can stack

@sestacker 4 месяца назад

Not a fan

@silvercobra0923 4 месяца назад

I HATE THEM & I'VE BEEN STACKIN SINCE 1986 !!!!!

@user-pj6bl5md5r 4 месяца назад

Hate is a very strong word. Why do you hate them? Me I won't buy them. I prefer to buy silver because I believe in the future it will be realized as far more valuable than gold. Buuuuuut the rich own the gold and will try really hard to keep its value higher. But we don't really nèed much gold for today's society. We NEED silver for it.

@spaceinvader68 4 месяца назад

@@user-pj6bl5md5r I like both because they are both scarce. No matter what anyone says digital gold is a fairy tale. I really like silver for it's utility and gold because it's gold.

@user-mm8vw1ow1x 4 месяца назад

It's so irrelevant to me. Silver already does everything this claims to do. It's a waist of gold and plastics, and a robbery with the premiums. Dumber things have taken off though

@jaykrizzle 4 месяца назад

Not a waste of plastics! Oh hell no!

@user-mm8vw1ow1x 4 месяца назад

@@jaykrizzle We're heading into a hell because of waisted plastics. Little things make big differences

@zeus014 4 месяца назад

I'm gonna use my silver rounds to buy a few of your widgets. But are you absolutely CERTAIN these silvers I'm handing you are not counterfeit?

@user-mm8vw1ow1x 4 месяца назад

@zeus014 Considering my personal experience, I would be more skeptical of the backs. In general, I still think people would be more skeptical of the backs. Whatever works, works. I'm just saying silver already works in all the ways backs are claiming except, I never thought I'd type this, the premiums are lower

@danielbbq 4 месяца назад

@@zeus014 I've done several Goldbacks for silver trades from reputable people and LCS

@Pieguy73 Месяц назад

I listened to a billionaire. Invest into things people dont like.

@IsaacReddinger 2 месяца назад

It's petty obvious Goldback has a*small* vested interest in how they're valued. I wouldn't call their exchange rate table very credible. It's like making up your own numbers

@JarenMeans Месяц назад

Where did you get the black ribbons?

@nordicstacker5706 4 месяца назад

You can't say that Gold doesn't yield any return I have stackt Gold for 20 years my gold has grown by 42 % in value

@EndTheFed_1776 4 месяца назад

Bro is really over here blindly promoting giving your gold to these people to gain "interest." Not realizing that's how we got in the messed up situation we're in today with trusting central banks with our gold... people never learn....

@SmartSilverStacker 4 месяца назад

There's nothing wrong with interest, in fact it's critical to a free market economy. The problem is when the central bank is setting the rate.

@EndTheFed_1776 4 месяца назад

@SmartSilverStacker they're a centralized entity, and do you not believe they could eventually do the same things these central banks do? I am the type of person to trust ME and ONLY ME with MY WEALTH.

@derrickjohnson4952 2 месяца назад

I just hope competition from coins bars & hopefully other gold dollars bring the prices down a bit. From the last time I checked the ability to make something like goldbacks is copyrighted so less companies can do it.

@ronaldblack7642 2 месяца назад

I would just buy gold as you can just buy 2x the gold. Other then that they are fine.

@jeffnelson4489 4 месяца назад

Heck no to gold backs 90% is ten times better!

@keithwelch8563 3 месяца назад

seems like something you buy a few of for a currency collection, but it suffers from the problem that it is only traded in the USA and is still dependent on the dollar where gold bullion is a global traded commodity.

@SmartSilverStacker 3 месяца назад

how is it dependent on the dollar? gold bullion also has a dollar denominated spot price

@keithwelch8563 3 месяца назад

@@SmartSilverStacker let's say you fly to Europe with a pocket full of goldbacks you're not getting much if any euros also very little gold in each one, a pocket full of gold bullion doesn't matter where you are your able to exchange for local currency. I believe that is the definition of dollar dependent.

@calvincooper1122 4 месяца назад

I have only 3 of them $<a href="#" class="seekto" data-time="60">1:00</a> just for fun m

@kalanevans4171 4 месяца назад

Are there silverbacks?

@danielbbq 4 месяца назад

Yes. Collector piece as of now.

@BecomeGolden18 4 месяца назад

How will people know. If they have gold in thm

@chamberlin9883 4 месяца назад

Didnt you call up stores that were supposed to accept them and the workers had no idea what you were talking about at half of them. Gold backs are stupid. Gold is not meant for small purchases that's what you use silver for.

@dustyc324 3 месяца назад

where? do you purchase things with silver?

@chamberlin9883 3 месяца назад

@@dustyc324 you clearly didn't understand my original comment.

@gregorygreene1940 4 месяца назад

Nice collectible because of the artwork but useless as a replacement for money. 99.9% of businesses will never trust them and never accept them. To be fair, it's not just Goldbacks, businesses will never take any form of physical precious metals. They don't want the hassle of verifying the weight/purity and they don't want the hassles of storage/protection/insurance for metals at the local prem. Never mind the internal issues of employee theft. They don't even want to deal with cash never mind precious metals. Might be good for some backwater bartering but society in general has moved on to digital.

@gregorygreene1940 4 месяца назад

@scottsehm1661 The vast majority of transactions are already digital. Fedcoin is already in place. An easy road to CBDC's has been pre-paved.

@soundmoneyguy5949 4 месяца назад

I hate to break it to you but Goldbacks are 8x as popular as crypto in the States that Goldbacks are in. Business owners are accepting Goldbacks.

@gregorygreene1940 4 месяца назад

@@soundmoneyguy5949 I live in NH and goldbacks are a joke as money. A cool collectible, sure, but that's about it. The vast majority of transactions are electronic through either cc, debit, or digital wallet. Even cash is on the outs. Self checkouts are taking over and they are all electronic payment only. This will setup an easy slipnslide right into CBDC's.

@danielbbq 4 месяца назад

I've moved 100s of Goldbacks and very few from accepting businesses. People get them as money IMO

@brianclevenger5521 3 месяца назад

"Free storage of your gold" - sounds like a jooooo

@user-pj6bl5md5r 4 месяца назад

I'm a stacker. I understand goldbacks. I wont buy one. But I'm fine if people want to buy them and hope we use them in the future. But hey I got piles of junk dimes and quarters I'd be fine using as well.

@danielbbq 4 месяца назад

I'd love to agree with you but in 20+ years of trying to spend silver I've had little success. I've sold more Goldbacks for silver in '23 that I've ever been able to spend silver in 20 years of trying. People get Goldbacks as money. Silver not as much, for now.

@5ivestring 4 месяца назад

I bought a few because they are good looking but not for investing.

@preciousmetals7114 2 месяца назад

Ridiculous way over the top cost & premiums vs pure bullion for the same product .. no way ... just figure out how many goldbacks it would take to equal 1oz bullion and see the price difference .. not even close ..

@Adamez1984 Месяц назад

I agree with you 100% I dont normally comment but this was eatting at me. sure they look cool, and people with little money can get there hands on fractional gold.... but 97% upcharged premiums. You will never make that back. 1/10 oz gold coin only has on average 2-35% premiums a most and I thought that was steep but duable to at least get my hands on gold every week.

@hypmotizedbysoles 4 месяца назад

Some products come along and at first are seen as innovative. Like when Taurus introduced the judge. Then as time goes by people realize the performance and practicality is lacking and is only useful in a small number of circumstances. The judge, again as an example makes an excellent paperweight. Soon after the latest greatest innovation becomes a novelty or niche product. Why buy a judge when you can buy a kimber.

@spaceinvader68 4 месяца назад

Sounds like you just described something that sounds like bitcoin a slow outdated innovation. Yet it keeps becoming more valuable because it's worth what people are willing to pay for it. I also like Kimber but prefer Sig.

@mookey9227 4 месяца назад

Except i would never work for dollars and will work for gold. So what’s the exchange rate for my labor? 1/10 oz of Gold might buy my labor for a week. No amount of dollars will buy my time because I don’t like fooling people with dollars

@SmartSilverStacker 4 месяца назад

Can't think of too many jobs at the moment that pay in gold?

@mookey9227 4 месяца назад

@@SmartSilverStacker I’m surviving on $1.25M in loans which I’ve realized is fraudulent and can be nullified thinkingwithzach.blogspot.com/2024/01/the-renaissance-begins-april-1.html

@shadowork_ 4 месяца назад

I like them as a concept, but feel like silver backs would function better but I refuse to ever buy the silver dragons silver backs because I cannot stand that guy or commie dragons 😂 im also generally not a fan of the gold backs old world style designs.

@bigtrader7924 4 месяца назад

This guy is trying real hard to push these Goldbacks LMAO.

@danielbbq 4 месяца назад

He may know something you don't or he may not. It's for each to decide.

@meldurden8338 4 месяца назад

Premiums are insane!!

@Jamestown23_ 4 месяца назад

Premiums mean nothing. I buy them all the time.

@zeus014 4 месяца назад

Cost to buy a 24K one-ounce gold Buffalo coin: about $2150, or around $100 above spot price. Spending value of that one-oz coin: Spot price of gold, or around $2050. Good luck using it to buy gas or groceries though, and even more lucky if they can provide change. Cost to buy one ounce of 24K gold in the form of goldbacks, ie: 1000 goldbacks: $3960 if buying from Alpine Gold or Defy The Grid. (that's over 90% over spot! OMG!). Spending value of those 1000 goldbacks: $4280 at today's rate. That's a $320 profit that drops directly to my bottom line. And I can use them to buy a $4.28 latte. Or sandwich. Or use 15 of them to fill my car's gas tank. So tell me again why I should be concerned about the premiums.

@danielbbq 4 месяца назад

The spending power of 1 oz of Goldbacks is $4,280 today. I just traded 1028 Goldbacks for 2 - 1 oz Krugerrands. What most people don't know or understand about the Goldback is a lot!

@AR-ko3yp 3 месяца назад

He's miss informed

@Joutube_is_trash 4 месяца назад

Im not paying double just to have ultra fractionals. We already have fractionals, its called silver.

@scyclone8 4 месяца назад

Cool novelty but waste of fiat. Stick to 90% or bullion

@dariuszszumczyk9162 4 месяца назад

They’re way too expensive! Most of them are more then twice the spot price of gold. They should be no more then 10 to 15% over spot ; that’s robbery! I wish, someone honest would produce those, also in silver!

@DiiceForeveroO 3 месяца назад

lol, goldbacks wont work out in the long term As Savings, they are horrible for stacking because of the high exchange rate (This is not the purpose of gold backs, but worth mentioning) As Currency, it is terrible. High exchange rate to obtain this. These are not very durable. Only will see widespread adoption or works during SHTF moments. I would rather spend money that is getting weaker and save the rest in sound money. You lose too much in premium to justify the goldback usage in normal everyday life.

@SmartSilverStacker 3 месяца назад

you don't lose anything on goldback premiums, if you do your research you'll find that they can be traded with zero spread

@BlueBirds-fs1id 3 месяца назад

? You don’t lose anything on the premium, unless u melt them, In which case you’re doing it wrong. You buy them and then spend them at the GB exchange rate. Not melt price